Imagine Dragons is also up for top artist and will battle Cyrus, Perry, Bruno Mars and Justin Timberlake, who is nominated for 11 awards. Perry has 10 nods to her name, and Macklemore & Ryan Lewis have eight.

Timberlake's The 20/20 Experience, last year's best-selling album, will compete against efforts from Beyonce, Eminem, Drake and Luke Bryan for top Billboard 200 album.

The 2014 Billboard Music Awards will air live on ABC from the MGM Grand Garden Arena in Las Vegas on May 18. Head to Billboard's website to see the full list of nominees.